What are HOME program rent limits?

The HOME Investment Partnerships Program sets maximum rents for units in HOME-funded affordable housing. High HOME rents are the lesser of the Section 8 FMR or 30% of 65% of Area Median Income, and apply to most assisted units. Low HOME rents apply to units reserved for very low-income households (the "20 at 50" set-aside) and are based on 30% of 50% AMI.

HOME Program Rent Limits — Stanley County, SD

FMRs · Income Limits · LIHTC Rents

FY2026 HOME Rent Limits — Stanley County, SD

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $713 $788 $1,034 $1,316 $1,601
Low HOME Rent $1,048 $1,198 $1,348 $1,497 $1,617

High HOME Rent History (2-Bedroom)

Fiscal Year High HOME 2BR Low HOME 2BR
FY2026 $1,034 $1,348
FY2025 $992 $1,277
FY2024 $1,072 $1,170
FY2023 $968 $1,065
FY2022 $842 $1,006
FY2021 $810 $900
FY2020 $848 $856
FY2019 $821 $832
FY2018 $743 $801
FY2017 $704 $753

Related Pages

How HOME rents differ from FMRs and LIHTC limits

HOME rent limits apply specifically to rental units funded through the HOME Investment Partnerships Program. Unlike Section 8 Fair Market Rents (which set voucher payment standards) or LIHTC maximum rents (which apply to tax-credit properties), HOME limits cap what an owner of a HOME-assisted unit may charge. Each year HUD publishes both the High and Low HOME rents; the applicable limit depends on the unit's income targeting under the project's HOME agreement.